• Great Potential in Indonesia's Modern Retail, Food & Beverage Sectors

    Both Indonesia's processed food and beverage industry and modern retail sectors are considered to have great potential for the next three years due to Indonesia's huge domestic market, expanding middle class as well as sharply rising Internet and smartphone penetration (giving rise to a rapidly developing e-commerce industry). Meanwhile, accelerated economic growth and low inflation are the right recipe to boost people's purchasing power, hence boosting sales.

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  • Astra International Wins 'Best Company in Indonesia' Award

    According to Finance Asia magazine, Astra International, one of the largest diversified conglomerates in Indonesia, is the best company in Indonesia, thus obtaining the "Platinum Award" from the magazine that focuses on finance, investment banking, economic and capital markets news. Astra International won the award due to its corporate performance and management (including investor relations, corporate social responsibility program) and CEO leadership. As such, Astra is considered to be on par with world class companies such as Samsung Electronics and China Telecom.

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  • Sri Mulyani: Indonesia Entitled to S&P's Investment Grade Rating

    Indonesian Finance Minister Sri Mulyani Indrawati is hopeful that credit rating agency Standards & Poor's (S&P) will raise Indonesia's credit rating to investment grade. Hope is based on Indonesia's healthier state budget and the higher degree of fiscal credibility (supported by the ongoing tax amnesty program). Out of the big three global credit rating agencies only S&P is yet to assign investment grade status to Indonesia. In June 2016 S&P kept Indonesia's sovereign debt rating at BB+/positive outlook, one notch below investment grade.

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  • Foreign Ownership Indonesian Property: Minimum Prices Revised

    The Indonesian government revised the price mechanism for property that can be bought by expats under the "right-of-use" category. Through Agrarian and Spatial Planning Affairs/National Land Agency (BPN) Regulation No. 29/2016 on Procedures for the Granting, Relinquishment and Assignment of Ownership Rights over Residential Homes or Housing by Foreigners Resident in Indonesia, it changed a couple of the minimum prices set on property (divided by region and the type of property).

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